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Listed by Right At Home Realty.
231 Melrose Street is a Multiplex, 2-Storey and is currently for Sale @ $3,699,900. Taxes in 2023 were $15,801.15.
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Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The 2-Storey on 231 Melrose Street has 9 bedrooms, 9 bathrooms, and is located on a 125.00 x 50.00 ft lot in the community of Mimico . The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 3 1-Bedroom Units. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Up-side On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! The Units Are Updated And Bright, Very Clean & Easy To Rent. Very Well Managed Building With Great Tenants, In A Perfect Location, Near GO Station, Amenities, The Lake And The Gardiner ExpressWay.
9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A
The address 231 Melrose Street was listed for sale (MLS# W8338822) on Tuesday, May 14, 2024.
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| List Date | List Price | Last Status | Sold Date | Sold Price | Days On Market |
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| 0000-00-00 | $00000 | Ter | N/A | N/A | N/A |
9+6
9+6
50.00 x 125.00 ft lot
